Citizens reports $2.4B in 2021 profit, record quarterly capital markets income

MERGER AND ACQUISITION ACTIVITY is expected to continue at a rapid-fire pace this year, with the number and value of mergers and acquisitions expected to grow, according to a new survey from Citizens Financial Group Inc. published on Thursday. / PBN FILE PHOTO
PROVIDENCE - Citizens Financial Group Inc. more than doubled its year-end profits compared with the previous year, ending 2021 with $2.4 billion in earnings, the company reported on Wednesday. The 119% increase in annual profits over earnings reported in 2020 comes after the company backed away from previous aggressive increases in its provisions for bad…

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